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Firecrackers in Cebu City: How is business going so far in SRP?
CEBU CITY, Philippines — A firecracker is defined as a device that is filled with an explosive substance which would produce noise when it explodes. According to Executive Order No. 28, series of 2017, using firecrackers has been part of the Filipino tradition when celebrating special events may it be personal, religious, cultural, and of.....»»
Pilmico on World Bread Day: Bread’s transformative impact on communities
Every year on 16 October, the world celebrates “World Bread Day” to honor all kinds of bread around the world. A dietary staple in people’s lives for centuries, bread plays a much more significant role in the lives of those who bake bread as their primary source of livelihood. Pilmico has been a steadfast partner of bakers since 1962. It has given out 108 bakery kits nationwide since it started distributing livelihood kits in 2016. In honor of the “World Bread Day,” Pilmico reflects on how it has helped change the lives of several people through bread. Feeding the future Pilmico’s “Kutitap Feeding Program” was launched as a sustainable initiative to address malnutrition in public schools while at the same time supporting local bakeries. The program was made possible through the help of its partner bakeries, who went through technical training and received equipment from Pilmico. They provided bread to public schools within their communities. The Kutitap Feeding Program started in Iligan City in 2015 and in Tarlac in 2018. Since then, the program has progressively evolved through the years. Due to pandemic restrictions, it was turned into the “Kutitap Care Package,” where students received baked goods and eggs through its partner bakery, Aguila Bakeshop. Now, the program has also started incorporating meats in the meals served to the daycare students in Bamban, Tarlac. Aside from feeding students with nutritional bread, this initiative also contributed to the success of some partner bakeries such as C&G Bakery from Iligan City. Marlon C. Gecale, owner of C&G Bakery, has devoted his life to baking — from when he was a teen working as a baker to an adult owning his bakery. In between, he worked as an OFW and his passion for baking grew stronger, prompting him to have his own bakery. After buying an oven with his first salary, Gecale and his wife spent the next five years building their small bakery while he worked abroad. In 2017, they applied to become a bakery partner for Pilmico’s “Kutitap Feeding Program.” They were determined to prove that their small bakery could fulfill the demands of the program despite their new and small bakery. By partnering with Pilmico for the Kutitap Feeding Program, C&G Bakery, owned by Marlon Gecale, was able to expand to three more branches in Mindanao. Gecale underwent a month-long training with Pilmico where he earned new technical skills in baking and new recipes, which he still uses in his bakery. Since then, their bakery has grown and has been a reliable partner of Pilmico in various programs including the Iligan Community Pantry. Today, C&G Bakery has expanded to three branches in Iligan City, Misamis Oriental and Zamboanga del Sur. 'Tinapay Ti Uno' program Aside from Pilmico’s own initiatives, it has partnered with local government units such as the Department of Agrarian Reform Tarlac for the “Tinapay Ti Uno” program in partnership with Technical Education and Skills Development Authority, Department of Trade and Industry and the Office of Congressman Jaime Cojuangco from the 1st District of Tarlac province. This program aims to create healthy buns using locally sourced ingredients from Agrarian Reform Beneficiary Organizations and provide them to public school students in the 1st district of Tarlac. A total of 11 ARBOs participated in a bun and special bread competition where the winners will be responsible for the distribution of buns to the students. In the competition held last 24 2023, three ARBOs were hailed as the grand winners: Cabayaoasan Farmer Agriculture Cooperative from Paniqui, Tarlac; Bacabac Farmers Producers Cooperative from Brgy. Bacabac, Camiling, Tarlac; and Sinulatan 1st Agriculture Cooperative from Brgy. Sinulatan 1st, Camiling, Tarlac. Each winner received a bakery livelihood package from Pilmico that included an oven, stainless steel table, bread rack, bread showcase, proofer with cover, spiral mixer and 10 Pilmico flour sacks. In addition to the equipment, the winners were to receive technical assistance and bakery management training from Pilmico as they set up their bakery business. During the winners’ onsite bakery training in Camiling, Tarlac last 3 October, it was revealed that two out of the three ARBOs have already opened their bakeries within their communities. In celebration of “World Bread Day,” Pilmico emphasizes its unwavering commitment to providing high-quality flour that helps create nutritional bread products. “We believe in the transformative power that a simple loaf of bread can bring to people’s lives, especially those who rely on it as their main source of livelihood. Pilmico is dedicated to delivering the finest flour for the community’s bread making needs,” said Ma. Katrina Bayog, Pilmico Corporate Social Responsibility manager. The post Pilmico on World Bread Day: Bread’s transformative impact on communities appeared first on Daily Tribune......»»
Malasakit Centers: Haven for poor Pinoys
Amid prevailing financial hardships particularly among poor Filipinos, the pivotal role of Senator Christopher “Bong” Go’s Malasakit Centers comes to fore through the compelling narrative of 23-year-old Wally Bernardo of Cavite. A small baking business, which Wally runs with his partner, helps cover his dialysis expenses. His ordeal started in 2017 when a nagging backache unveiled an unsettling reality — a diagnosis of chronic kidney disease secondary to arthritis. Initially misdiagnosed with high blood pressure, he soon found himself restricted to the regular hum of dialysis machines, a routine that escalated from three times a week to an excruciating 12 times a week, as his condition worsened. As Wally’s medical bills soared, he sought intervention from a Malasakit Center, which led to a much-needed relief for his dire financial situation. Recounting the day his relatives approached the center, Wally said, After that we approached the social health service as I knew there was Malasakit here.” “My relatives went there and gave us our bill. It was processed at about noon. In the afternoon we were already discharged.” The indelible mark of gratitude is apparent in Wally’s words, “Thank you to Senator Bong Go, to his staff. We are really grateful for his help, in giving us a guarantee letter, in assuring those who have not much finances.” As chairperson of the Senate Committee on Health and Demography, Go persistently encouraged the public to avail themselves of the medical and financial assistance offered by the Malasakit Centers. Malasakit Centers bring together representatives from the Department of Social Welfare and Development, Department of Health, Philippine Health Insurance Corporation, and Philippine Charity Sweepstakes Office. These one-stop shops aim to support impoverished patients in reducing their hospital costs to the least possible amount. The Malasakit Centers Act of 2019, or Republic Act 11463, principally authored and sponsored by Go, has so far facilitated the establishment of 159 operational Malasakit Centers across the country. Meanwhile, Go’s outreach team, together with Mayor Elmor Vita and Councilor Rey Comendador, conducted a relief operation at the municipal gymnasium in Nagcarlan, Laguna last Tuesday, 17 October. Go provided masks, vitamins, shirts, and balls for basketball and volleyball for 450 market vendors. He also gave away shoes, and mobile phones to select recipients. The post Malasakit Centers: Haven for poor Pinoys appeared first on Daily Tribune......»»
CA junks telco’s frequency plea, mandamus case vs. NTC
The Court of Appeals junked the petition for mandamus filed by NOW Telecom Company Inc. against the National Telecommunications Commission or NTC over the company's provisional authority or PA application to operate a cellular mobile telephone service within specific frequency ranges. In a 16-page decision, the appellate court's Special Ninth Division said "the court is powerless" to grant NOW Telecom's plea, especially since the company failed to show a clear legal right to the frequencies it sought. The CA said the decision, penned by Associate Justice Tita Marilyn B. Payoyo-Villordon and concurred in by Associate Justices Myra V. Garcia-Fernandez and Walter S. Ong, followed a careful examination of the case. The case began from NOW Telecom's request for NTC's automatic approval issued by the Anti-Red Tape Authority or ARTA. NOW Telecom had filed a petition for mandamus under Rule 65 of the Revised Rules of Court to compel the NTC and former Commissioner Gamaliel Asis Cordoba to stick to ARTA's resolution and OAA both dated 1 March 2021. These ARTA documents stated that NOW Telecom's application for a PA to operate in the frequency range 1970 Mhz-1980 Mhz paired with 2160 Mhz to 2170 Mhz and 3.6 GHz to 3.8 GHz frequency ranges was automatically approved by operation of law. It followed Republic Act 11032, otherwise known as the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. However, an ARTA resolution dated 17 June 2022 reversed the previous decisions and formally recommended NOW Telecom's application for frequency assignment to the NTC. NOW Telecom's mandamus petition was notably based on its claim for the rights to specific frequency ranges, alleging that the NTC had unjustly neglected its duty to assign them. Yet, court records showed that as early as December 2005, NTC already found NOW Telecom to be non-compliant and was disqualified from the assignment of 3G frequency bands due to unpaid supervision and regulation fees or SRF and spectrum user fees or SUF amounting to P2.6 billion. NOW Telecom has a pending petition filed before the Supreme Court for this penalty imposed by the NTC. NOW Telecom received its PA in January 2006, but it was not specific to 3G and under the condition of paying its outstanding SRF and SUF obligations. In December 2017, NOW Telecom was designated the 20MHz contiguous bandwidth, 3520 to 3540 MHz, under the 3.5 GHz on the same condition that it resolved its outstanding SUF and SRF fines. NOW Telecom's Provisional Authority was extended until September 2020, but the NTC reiterated that the company failed to fulfill the conditions regarding SUF and SRF. Despite the issues hounding the company, NOW Corp. CEO Mel Velarde said he hopes the "Marcos administration" will aid the immediate settlement of its cases as a way of maintaining a "level playing field." _ The post CA junks telco’s frequency plea, mandamus case vs. NTC appeared first on Daily Tribune......»»
Aboitiz Group bags triple Golden Arrow Awards
With a distinguished legacy spanning five generations, the Aboitiz Group remains steadfast in its commitment to fostering positive change in shaping the future as it adheres to the standards and requirements outlined in the ASEAN Corporate Governance Scorecard. This year, following the 2022 compliance period of the ACGS, Aboitiz Equity Ventures Inc. received a 4-arrow recognition after scoring 111.68 points, AEV’s highest ACGS score since the Institute of Corporate Directors inaugurated the Golden Arrow Awards in 2018. Aboitiz Power Corporation and Union Bank of the Philippines both received a 3-arrow recognition for scoring between 100 and 109 points. Consistent top performers It’s also important to note that AEV and AboitizPower have consistently been recognized as top performers in corporate governance, both here in the country and in the ASEAN region since 2013-2017 at the PSE Bell Awards. “This distinction is the result of the Aboitiz Group’s work to transform a legacy business into a hyper-innovative, diversified conglomerate that puts corporate governance and citizenship at the core of its operations. We have always believed that transparency and accountability are essential in building trust amongst our stakeholders and forging strong partnerships in order to drive change,” said Ginggay Hontiveros-Malvar, Aboitiz Group’s chief reputation and sustainability officer. AEV, the portfolio management company of the Aboitiz Group, leads investments in diverse sectors including power, banking and financial services, food, infrastructure, land, and cutting-edge fields such as data science and artificial intelligence. The Group is presently undergoing a profound transformation to establish itself as the Philippines' first "techglomerate." This innovative growth strategy, fueled by technology and a renewed entrepreneurial mindset, empowers Aboitiz to drive transformative change, shaping the future of its businesses, host communities, and the nation. The Golden Arrow Recognition serves as a testament to Aboitiz Group's unwavering commitment to upholding the highest standards of corporate governance. Aboitiz has excelled in several key areas such as compliance, sustainability, and innovation — positioning it as a frontrunner in the realm of corporate governance. This honor reflects the Group's ongoing commitment to creating value for its shareholders, stakeholders, and the broader Filipino community. Robust policies Aboitiz Group’s robust policies and procedures across every level of the organization form the bedrock of its commitment to excellence in corporate governance. Furthermore, the company's board of directors is characterized by its independence and diversity, playing a pivotal role in providing oversight and making strategic decisions aligned with the best interests of shareholders and stakeholders. Aboitiz places great emphasis on transparency, providing clear and comprehensive information regarding its financial performance, operations, and decision-making processes to ensure that shareholders and the public remain well-informed. In terms of regulatory compliance, Aboitiz is dedicated to adhering to all relevant laws, regulations, and standards related to corporate governance. The company continuously updates its policies to ensure alignment with evolving requirements. When it comes to ethical business practices, the Group's commitment to ethical conduct and integrity remains unwavering. “This award reaffirms the team’s adherence to the shared responsibility of sustainably managing the organization. This further motivates us to champion the highest corporate governance and ethical standards as we continue to grow the business,” said AboitizPower president and chief executive officer Emmanuel Rubio. “Likewise, we also exert as much effort and diligence in upholding environmental preservation and the societal good within the areas we have the privilege to serve,” he said. Corporate governance For his part, UnionBank lead independent director Roberto Manabat said, “We humbly accept this recognition as a reinforcement of the principles that guide the Bank. Our corporate governance practices reinforce the requirements of a constantly evolving business landscape. We ensure that they comply with new regulations and are ready to adopt best practices.” Aboitiz is deeply committed to sustainability and corporate social responsibility initiatives. The post Aboitiz Group bags triple Golden Arrow Awards appeared first on Daily Tribune......»»
Aboitiz Group bags triple Golden Arrow Awards
With a distinguished legacy spanning five generations, the Aboitiz Group remains steadfast in its commitment to fostering positive change in shaping the future as it adheres to the standards and requirements outlined in the ASEAN Corporate Governance Scorecard. This year, following the 2022 compliance period of the ACGS, Aboitiz Equity Ventures, Inc. received a 4-arrow recognition after scoring 111.68 points, AEV’s highest ACGS score since the Institute of Corporate Directors inaugurated the Golden Arrow Awards in 2018. Aboitiz Power Corporation and Union Bank of the Philippines both received a 3-arrow recognition for scoring between 100 and 109 points. AEV and AboitizPower have consistently been recognized as top performers in corporate governance, both here in the country and in the ASEAN region since 2013-2017 at the PSE Bell Awards. “This distinction is the result of the Aboitiz Group’s work to transform a legacy business into a hyper-innovative, diversified conglomerate that puts corporate governance and citizenship at the core of its operations. We have always believed that transparency and accountability are essential in building trust amongst our stakeholders and forging strong partnerships in order to drive change,” said Ginggay Hontiveros-Malvar, Aboitiz Group’s chief reputation and sustainability officer. AEV, the portfolio management company of the Aboitiz Group, leads investments in diverse sectors including power, banking and financial services, food, infrastructure, land and cutting-edge fields such as data science and artificial intelligence. The Group is presently undergoing a profound transformation to establish itself as the Philippines' first "techglomerate." This innovative growth strategy, fueled by technology and a renewed entrepreneurial mindset, empowers Aboitiz to drive transformative change, shaping the future of its businesses, host communities and the nation. The Golden Arrow Recognition serves as a testament to Aboitiz Group's unwavering commitment to upholding the highest standards of corporate governance. Aboitiz has excelled in several key areas such as compliance, sustainability, and innovation – positioning it as a frontrunner in the realm of corporate governance. This honor reflects the Group's ongoing commitment to creating value for its shareholders, stakeholders, and the broader Filipino community. Aboitiz Group’s robust policies and procedures across every level of the organization form the bedrock of its commitment to excellence in corporate governance. Furthermore, the company's board of directors is characterized by its independence and diversity, playing a pivotal role in providing oversight and making strategic decisions aligned with the best interests of shareholders and stakeholders. Aboitiz places great emphasis on transparency, providing clear and comprehensive information regarding its financial performance, operations, and decision-making processes to ensure that shareholders and the public remain well-informed. In terms of regulatory compliance, Aboitiz is dedicated to adhering to all relevant laws, regulations, and standards related to corporate governance. The company continuously updates its policies to ensure alignment with evolving requirements. When it comes to ethical business practices, the Group's commitment to ethical conduct and integrity remains unwavering. The company adheres to a stringent code of conduct that guides the behavior of its employees, fostering an environment of trust and integrity. “This award reaffirms the team’s adherence to the shared responsibility of sustainably managing the organization. This further motivates us to champion the highest corporate governance and ethical standards as we continue to grow the business,” said AboitizPower president and chief executive officer Emmanuel Rubio. “Likewise, we also exert as much effort and diligence in upholding environmental preservation and the societal good within the areas we have the privilege to serve.” “We humbly accept this recognition as a reinforcement of the principles that guide the Bank. Our corporate governance practices reinforce the requirements of a constantly evolving business landscape. We ensure that they comply with new regulations and are ready to adopt best practices,” said UnionBank lead independent director Roberto Manabat. Aboitiz is deeply committed to sustainability and corporate social responsibility initiatives. The company actively pursues environmental and social responsibility, demonstrating its dedication to creating a positive impact on society and the environment. The post Aboitiz Group bags triple Golden Arrow Awards appeared first on Daily Tribune......»»
The Murdoch business: an empire on three continents
Over the last six decades, Rupert Murdoch built a media empire well beyond his native Australia, amassing key media properties across three continents in a run that was also characterized by multiple scandals. Through his companies, News Corp and Fox Corporation, Murdoch built one of the world's most substantial portfolios of newspaper and broadcast holdings under one roof. Murdoch's wealth was estimated at $17.3 billion by Forbes on Thursday when he announced he was handing the reins to his son Lachlan while shifting to an "emeritus" status at the two companies. Here is a closer look at the two businesses. News Corp The business includes Murdoch's holdings in his birth country of Australia -- led by The Australian, the lone national daily started by Murdoch in 1964. The company also owns Australia The Daily Telegraph and news website News.com.au, as well as television station Sky News Australia and pay television company Foxtel. Murdoch's initial investment in Britain came in 1969 with the purchase of the tabloid News of the World, which was shut down in 2011 following a phone hacking scandal. In 1981, he purchased the prestigious daily The Times, along with The Sunday Times, adding to a print news business that also included The Sun. Holdings in radio and television included talkSPORT, TalkTV, and Virgin Radio UK. News Corp is also present in Ireland with local radio stations. Murdoch's push in North America dates to 1985 with his purchase of the New York Post. In 2007, News Corp landed a major acquisition of the media group Dow Jones, whose holdings include the long-respected Wall Street Journal. The company in 1987 added the publishing house HarperCollins, which originally dates to 1817. HarperCollins bought romance publisher Harlequin in 2014. News Corp also controls Rea Group, which specializes in commercial and residential real estate through websites such as realtor.com and flatmates.com.au. In fiscal 2023, News Corp reported profits of $149 million on revenues of $9.9 billion. Fox Corporation In 1984, Murdoch acquired 20th Century Fox, an entity he reorganized and remade. In 2017, he sold the movie studio, renamed 21st Century Fox, to Disney. Fox Corporation is now comprised of the national television channel Fox and several cable channels, as well as Fox News, which is known for a right-wing spin on news popular with conservative Americans. Other holdings include the entertainment news network TMZ, as well as Studio Ramsay Global, which features British celebrity chef Gordon Ramsay and the MasterChef franchise. In fiscal 2023, Fox reported profits of $1.3 billion on $14.9 billion in revenues. The post The Murdoch business: an empire on three continents appeared first on Daily Tribune......»»
Fashion seeks dedicated followers with influence online
Once kept firmly at arm's length by the fashion world, influencers are now courted alongside big celebrity names by emerging talents keen to leverage their millions of online followers. "Influencers will have a leading role in building the legitimacy of creators," Delphine Dion, professor at France's ESSEC Business School, told AFP. "It is thanks to them that many designers will manage to break through." The cream of TikTok and Instagram flocked to Masha Popova's show on Sunday as part of London Fashion Week. The young Ukrainian designer counted TikTok superstar Abby Roberts, who has more than 16 million followers, among her guests. "I was in the front row with six other influencers, so I think we are doing well," said TikTok, Instagram and YouTube content creator Emma Winder after the show. Avant-garde To be a fashion influencer who matters, you first have to be "trusted by the big names" in the industry, said Dion. Next you can build a name for yourself as someone with "extremely cutting-edge tastes who can help new fashion players emerge". "It's exactly like the avant-garde dynamics you get in art. You look for the very niche to show you are even more fashionable than the rest," she added. The phenomenon is particularly visible on the catwalks at London Fashion Week, known worldwide for giving emerging talents a platform. Fashionable influencers and stars such as Zendaya, Billie Eilish, Hailey Bieber or Kylie Jenner have been seen wearing outfits by the new generation of designers including Masha Popova, Di Petsa, Chet Lo, Feben, or Yuhan Wang. 'Instant reaction' It's a win-win situation for influencers as it's now much "cooler" to wear clothes by young designers than a luxury brand, said Elizabeth Stiles, a consultant for fashion brands. And from the designer's point of view, it's "definitely faster to grow your brand through social media just through the way it works", she said. When an influencer posts content "you get an instant reaction, versus magazines where even on-line, it still takes time to write that article and upload it and maybe go through an approval process as well with an editor", she added. Social media content creators can also benefit from a good engagement rate, which measures how well their posts interact with their community. An influencer with a high engagement rate posting a photo, dressed by a young label, is more likely to generate sales for the brand. 'Everyone welcome'? Competition between traditional media -- including specialist fashion magazines -- and former fashion bloggers who are now influencers on TikTok, Instagram or YouTube is not new. The influential British journalist Susie Lau began with her fashion blog "Style Bubble" in 2006. Now she writes notably for the British magazine Pop and The Business of Fashion and is also followed by nearly 700,000 people on Instagram. In an article published in Grazia in 2017 titled "Everyone should be welcome in fashion", she said she regretted the "negative connotations" that had attached themselves to fashion bloggers, influencers and content creators. Even as recently as February, she denounced the "gall of most print media" who still in 2023 sneered at influencers. This, she said, was "hilarious, considering how many have adopted social media modus operandi". The post Fashion seeks dedicated followers with influence online appeared first on Daily Tribune......»»
Vive Versailles! A right royal welcome for British monarchs
For his first state visit as sovereign to France, which had to be postponed for six months due to riots, Britain's King Charles III will receive the gold standard of French welcomes -- a reception at the Palace of Versailles. The palace, which was the seat of the monarchy before the French Revolution of 1789, is now a museum, but it is still used by French presidents to host leaders they want to impress, from Queen Victoria to Vladimir Putin. 'Long live the king!' France, which beheaded its own king and queen, has a long-running love affair with the British royal family and over the past 170 years has often wined and dined them at Versailles. Emperor Napoleon III threw a ball for 1,200 guests at the royal opera in Versailles when Queen Victoria visited in 1855, the first trip to Paris by a British monarch in 400 years. In 1938, as Europe stood on the threshold of another world war, King George VI and Queen Elizabeth II swept into Paris to cries of "Long live the king!" and were too hosted at Versailles, in this case for lunch. Less than two decades later, President Rene Coty pulled out all the stops for the young Queen Elizabeth, Britain's longest-serving monarch who died last year, on her first state visit to France with her husband Prince Philip. After a night at the Paris Opera, the pair had lunch in Versailles' Hall of Mirrors, where the World War I reparations treaty was famously signed in 1919. Fondness for foie gras The land where food is king has served up an eye-popping array of delicacies for its British visitors. But Victoria, known for her voracious appetite, had only faint praise for French cuisine, writing that while "the fowl and bouillon are quite delicious" French cooking has "less variety than ours". Her son Edward VII was treated to a 16-course feast in 1903, complete with fattened chicken, quail and glazed ducks. By Elizabeth II's time, the menu had been slimmed down to four or five courses, with one recurring staple: foie gras. The Francophile queen had a fondness for the controversial pate obtained by force-feeding ducks or geese, but it is unlikely to feature on the menu for Charles, who has banned it from his household. Open for business Versailles has hosted many distinguished commoners as well. In the post-war years, President Charles de Gaulle used it to host John F. Kennedy and Richard Nixon when they were US presidents, as well as the Shah of Iran. Socialist president Francois Mitterrand threw open the palace gates to communists when he used it to host Soviet leader Mikhail Gorbachev. By contrast, Nicolas Sarkozy and Francois Hollande rarely used Versailles, with the exception of late Libyan leader Moamer Kadhafi for the former and Chinese President Xi Jinping for the latter. In 2017, before Moscow's invasion of Ukraine turned him into a pariah, Russian President Vladimir Putin was welcomed there by his French counterpart Emmanuel Macron. Macron has also used Versailles to tout France's charms to foreign investors, including Tesla founder and X (formerly Twitter) owner Elon Musk who was invited to a business summit there in May. The post Vive Versailles! A right royal welcome for British monarchs appeared first on Daily Tribune......»»
A resounding FIBA World Cup hosting success
In 2007, sports patron and prominent business executive Manny V. Pangilinan flew to Geneva to mend the country’s scarred relationship with FIBA when the Philippines was suspended due to a struggle between the Basketball Association of the Philippines and the Philippine Olympic Committee. Over the years, MVP, along with the Samahang Basketbol ng Pilipinas or SBP, were able to make amends and formed a strong bond with FIBA. And as they say, the rest was history. MVP’s vision to host the FIBA World Cup in a tri-nation bid was approved. The country, together with Japan and Indonesia, was granted to host the 2023 FIBA World Cup, with 32 teams competing for the coveted Naismith trophy for the 2023 Last Sunday, the World Cup curtain finally closed, with several records written, erased, and etched in FIBA history. First, the expanded World Cup adopted by the organizers successfully achieved a more competitive playing field. Nine of the 32 that came to this World Cup did not play in the previous World Cup. After two weeks of grueling competition, six of the eight countries that previously entered the quarterfinals in the 2019 World Cup failed to advance to the next round. Argentina, France, Spain, Poland, Australia, and the Czech Republic were eliminated earlier in the group stages, with only the US and Serbia moving to the semi-final round. Second, for the first time since it participated in the tournament, Germany won the World Cup championship, beating all its opponents in the elimination rounds for an immaculate 7-0 and completing an 8-0 game sweep by beating Serbia in the final, 83-77. FIBA secretary general Andreas Zagklis was quoted by AP saying the expanded qualification field “has changed global basketball on the men’s side.” Third, the three host countries had record-breaking attendance, a rousing success for the tri-nation hosting of the world’s biggest basketball show. Across 92 games in 15 days in five different venues (three in Manila, one each in Okinawa and Jakarta), Zagklis said the World Cup drew a total of 700,000 fans pending the final numbers from the bronze-medal match between USA and Canada and Serbia-Germany finale. In the opener on 25 August, the Philippines tallied a World Cup record featuring 38,115 fans who witnessed the thrilling battle between home team Gilas Pilipinas and the Dominican Republic at the Philippine Arena in Bocaue, Bulacan. The milestone highlighted the Philippines’ hosting and smashed the previous record of 32,616 spectators who watched the gold medal match between the USA and Russia in the 1994 games in Toronto, Canada. Zaglis was all praises for the three countries, especially the Philippines, whom he described as an excellent host. “I don’t think it’s easy to find anywhere in the world that has this kind of service to the visitors. Always with a smile and kindness and with a solution-oriented approach. I can only express how grateful FIBA is to the Philippines,” Zaglis said. SBP president Al S. Panlilio had mixed emotions as the FIBA World Cup ended. “We have proven that our country can host a global basketball event as huge as the FIBA World Cup. Everyone involved — the local organizing committee, various private and public stakeholders, volunteers, peace and order personnel, traffic enforcers, the LGUs, and basketball-loving Pinoys who bravely trooped to the venues to watch the games — must be congratulated for making the event a whopping success.” “But there’s also a feeling of extreme bittersweetness as it comes to an end, yet overshadowed by extreme hopefulness for the 2027 World Cup in Qatar,” he added. Panlilio spearheaded the country’s bid for the multiple-nation hosting of the World Cup along with MVP, SBP chairman emeritus, in 2017. He acknowledged what MVP did to bring the FIBA World Cup to the Philippines with his creative vision of bidding for multi-nation hosting. “It was a privilege to help realize that creative vision by collaboratively working with various groups and stakeholders and successfully hosting the World Cup. We are proud of the effort everyone contributed to make this huge undertaking a monumental and amazing feat,” Panlilio said. The post A resounding FIBA World Cup hosting success appeared first on Daily Tribune......»»
ERRAMON Aboitiz: Renaissance man
The Aboitiz family is a big player in Philippine business for over a century. With businesses covering a wide range of industries, including power, banking, food, and infrastructure, the clan’s Aboitiz Group has been creating jobs and opportunities for Filipinos. Founded by Paulino Aboitiz, son of a Spanish farmer who migrated to the Philippines in the late 1800s, Aboitiz Equity Ventures Inc., or AEV, has grown from being an abaca-trading and general-merchandise business to a conglomerate with interests in power, banking, food, property, biofuel and construction. The group is undergoing its Great Transformation to establish itself as the Philippines’ pioneering techglomerate. This innovative growth strategy, powered by technology and a renewed entrepreneurial mindset, empowers the entire group to advance businesses and uplift communities. Among the driving forces propelling the Group’s business revolution is Erramon “Montxu” Aboitiz. Montxu previously served as the president and chief executive at Aboitiz Equity Ventures for 10 years from 2009 to 2019. He also briefly held the role of CEO at Aboitiz Power Corp. in 2018. Presently, he serves as a director at AEV and Endeavor Philippines and as chairman of the Board of Directors at Union Bank of the Philippines. Likewise, he serves as a board observer of the Aboitiz & Company. The Asian Institute of Management named Montxu as the new chairman of its Board of Trustees, effective from 1 September 2023. Montxu joined a respected group of successful business leaders who are dedicated to advancing the progress and welfare of Asia and its inhabitants. He was the 7th chairman of AIM, taking over from Peter Garrucho who held the position since 2017. Montxu graduated from Gonzaga University in Spokane, Washington, USA with a Bachelor of Science degree in Business Administration, majoring in Accounting and Finance. In 2011, he was awarded the Management Man of the Year by the Management Association of the Philippines and recognized as the Entrepreneur of the Year by Ernst & Young. Seven years after that, AIM awarded Montxu with an honorary doctorate in management. Social responsibility runs in Aboitiz blood The Aboitiz Foundation, the social responsibility arm of the Aboitiz Group, donated $10 million to AIM in 2019 — known as the Aboitiz 100th Anniversary Commitment Fund. The fund aims to bridge the local and regional gap in data science and innovation. As a result of this generous donation, AIM’s Aboitiz School of Innovation, Technology, and Entrepreneurship is now able to provide top-notch education and research opportunities in data science, with a focus on practical applications. This is made possible by collaborating with data science professionals and leaders from around the world. Recently, Montxu was elected chairperson of the AIM board of trustees. He is widely recognized for his strong commitment to social responsibility and philanthropy. Regarding the endowment to AIM, Montxu said it targeted assisting AIM in its efforts “to expand its curriculum and facilities towards the direction of a bold future, and the skills and education it will require.” Through his leadership in the Aboitiz Group and the Aboitiz Foundation, he has spearheaded numerous projects that have made a positive impact on local communities. As chairman of the Aboitiz Foundation, Montxu has played a key role in shaping its initiatives. The foundation focuses on three key areas which are education, enterprise development, and environmental conservation. “As businessmen, there is no doubt we seek profits and a return on our capital. But as Filipinos, we are equally guided by a sense of purpose to find meaningful ways of contributing to our communities across the country. This symbiotic relationship of profit and contributing to society is our secret sauce to true sustainability, allowing the Aboitiz Group to drive change for a better world by advancing business and communities,” Montxu added. The foundation implemented various programs and scholarships to improve access to quality education, foster entrepreneurship and livelihood opportunities, and promote sustainability. Aboitiz Foundation has been heavily involved in rehabilitating and improving schools in underprivileged areas. They have renovated classrooms, libraries and other facilities, providing students with better learning environments. The foundation has also donated learning materials and equipment to enhance the educational experience of students. Aboitiz Foundation supports community-based programs that aim to uplift marginalized communities. These programs focus on various aspects such as health, nutrition, livelihood, and disaster resilience. The foundation works closely with local organizations and stakeholders to implement sustainable solutions and empower communities to become self-sufficient. Aboitiz Foundation places significant emphasis on environmental conservation and sustainability. They have initiated projects to protect and restore ecosystems, promote renewable energy, and reduce carbon footprint. The foundation actively supports reforestation efforts, marine conservation, and waste management initiatives. The foundation also has a strong focus on disaster response and preparedness. They have been at the forefront of providing immediate relief and support during natural disasters, such as typhoons, earthquakes and floods. The foundation also works towards building resilient communities by conducting disaster risk reduction and management training programs. Montxu Aboitiz encourages and supports employee volunteerism within the Aboitiz Group. The company promotes a culture of giving back by providing employees with opportunities to engage in community service and volunteer activities. This not only benefits the communities they serve but also fosters a sense of social responsibility among the employees. It also collaborates with various non-governmental organizations, government agencies, and other stakeholders to maximize the impact of their social responsibility initiatives. They work together to address complex social issues and implement sustainable solutions that create lasting change. Aligned with the United Nations Global Compact, AEV drives policies, advocacies, and initiatives to make a lasting impact. The post ERRAMON Aboitiz: Renaissance man appeared first on Daily Tribune......»»
Asian Institute of Management appoints Erramon Aboitiz as new chairman
UnionBank of the Philippines chairman of the Board of Directors Erramon "Montxu" I. Aboitiz has taken on a pivotal role as the new chairman of the Board of Trustees at the Asian Institute of Management beginning 1 September 2023. Aboitiz joins an esteemed group of accomplished business leaders who share the commitment to advance the growth and well-being of Asia and its people. Montxu is the seventh chairman of AIM, succeeding Peter Garrucho who assumed the role in 2017. Montxu served as the president and CEO of Aboitiz Equity Ventures for a decade from 2009 to 2019, and briefly as the CEO of Aboitiz Power Corporation in 2018. Additionally, Montxu is a former trustee of the Philippine Disaster Resilience Foundation before Aboitiz Group president and CEO Sabin Aboitiz assumed the same role. Montxu earned a Bachelor of Science degree in Business Administration with a major in Accounting and Finance from Gonzaga University in Spokane, Washington, USA. In 2011, he received the Management Man of the Year award from the Management Association of the Philippines and was recognized as Entrepreneur of the Year by Ernst & Young. Seven years later, AIM conferred an honorary doctorate degree in management on Montxu. In 2019, the Aboitiz Group, through its social responsibility arm the Aboitiz Foundation, made a $10 million donation to AIM, marked as the Aboitiz 100th Anniversary Commitment Fund. The said fund is being used to address the local and regional gap in data science and innovation. With this donation, AIM’s Aboitiz School of Innovation, Technology and Entrepreneurship conducts world-class teaching and research with real-world applications with data science professionals and leaders. The post Asian Institute of Management appoints Erramon Aboitiz as new chairman appeared first on Daily Tribune......»»
CdO, my second home
Cagayan de Oro City is fast turning out to be no different from other fast developing metropolises. Quotidian concerns like horrendous traffic, crime, political maneuverings (with the Barangay/Sangguniang Kabataan Elections barely a month away), bickering in the Sangguniang Panlungsod, and similar problems of an urban area are common. A year has passed since the new leadership of the city took over, but we don’t see the problems abating. With a full plate before them, the administrators must work double time before their terms of office expire. When the pandemic struck, we sort of evacuated to and settled in the city. It is now a second home to us after our house in Marawi was bombed and ransacked during the 2017 siege (I still have to file my claim for compensation before the Marawi Compensation Board as provided by law). We were a constant visitor to the city and are familiar with its geography. It has always been a choice weekend hideaway of Maranaws of Marawi and as a law practitioner I have cases in courts in the city. But now, I need assistance in navigating its labyrinthine traffic. Thanks to modernity and the Waze app which maps our way to our destination. Still, I feel like a stranger adjusting to life in the city. The main attraction of the city for a golfer like me are the golf courses. Good thing they have courses like Pueblo de Oro which is a championship course, a second-rate military golf course in Patag, Camp Evangelista, and the Del Monte Golf Course — a 30-minute drive from the city, home of golf legends Celestino Tugot and Frankie Minoza. These golf courses were the overpowering magnet that pulled me to settle here, in addition to the fact that many members of my immediate family already lived here. From my vantage position, here are some of the problems I have observed that need attention. Traffic is getting worse. I experience regularly Edsa-like traffic from going my place, Xavier Estates, to the golf course, which I could navigate in two minutes. Unfortunately, there are schools along the road causing monstrous traffic. But we avoid that by teeing off at early dawn to escape the snarl of vehicles. The principal stretch they call Masterson has regular bumper-to-bumper traffic in the morning and late afternoon when office workers’ vehicles fill the street. Yes, I notice uniformed traffic aides managing the flow of vehicles, but they are not enough. A daylight robbery in the heart of the commercial hub of the city has residents worried about their security and peace. Robbers got away with about P9 million. Public and commercial establishment are on their toes because of what happened. The daring robbery has exposed the weak security infrastructure of the city. Residents are asking what happened to the much-publicized installation of 50 traffic lights and 80 closed-circuit television or CCTV cameras in strategic spots at a budget of about P93.5 million over a decade ago. It has been kaput since 2012 and has not been attended to nor repaired. The winning bidder for the project was nowhere to be found after completion of the traffic and security infrastructure. Now the city government is toying with the idea of requiring public establishments to install CCTV cameras within their premises before they are issued a permit to operate. In fact, the Department of the Interior and Local Government has issued a memorandum circular directing local governments “to pass ordinances mandating all business owners to install CCTVs.” The circular allows for the meting out of “penalties for non-compliant business establishments and grants local chief executives the authority to revoke, refuse to renew or grant permits to establishments for non-compliance.” Problems of this nature come with the march of Cagayan de Oro towards progress and development, being the corridor of northern Mindanao. And this column is optimistic that its new mayor is up to the challenges of his stewardship. *** amb_mac_lanto@yahoo.com The post CdO, my second home appeared first on Daily Tribune......»»
‘Margaritaville’ singer Jimmy Buffett dies at 76
American singer-songwriter Jimmy Buffett, best known for his 1977 hit "Margaritaville," has died at age 76, according to a statement on his website. "Jimmy passed away peacefully on the night of September 1st surrounded by his family, friends, music and dogs," the statement said. "He lived his life like a song till the very last breath and will be missed beyond measure by so many." The statement did not include a cause of death. Buffett's classic chill-out anthem "Margaritaville," about beachfront living with a drink in hand, spent 22 weeks on the Billboard chart, and helped launch his decades-long music career and a business empire. Known as the "Mayor of Margaritaville," he released nearly 30 studio albums of country, folk and tropical tunes, and also launched a line of resorts, restaurants and retail stores that capitalized on his laid-back, escapist image. Born December 25, 1946, in the US state of Mississippi and raised in Alabama, Buffett began playing guitar in college and later started performing on the streets and in the clubs of New Orleans, according to his website. He released his first record "Down to Earth" in 1970, and a year later traveled to Key West, Florida, a place that became synonymous with Buffett's paradise-themed music and lifestyle brands. Buffett also penned bestselling books, appeared in movies and on television, and had a brief Broadway run with his musical "Escape to Margaritaville." But his signature song -- and its refrain: "Wastin' away again in Margaritaville, searchin' for my lost shaker of salt" -- is what his legions of fans and beach holidaymakers remember most. "There are people out there looking for a good time for a few days a year," Buffett told Rolling Stone magazine in 1996, referring to his fans, known as "Parrotheads." "We come to town and we're the carnival or the Mardi Gras. People blow off steam and then go back and become basically law-abiding citizens," he said. "But to see them on those two days, you'd go, 'My God, this is the most drunk and boisterous maniac crowd you ever saw!'" "Rest in power @jimmybuffett," rapper LL Cool J wrote Saturday on social media platform X. "I'm glad we had time to vibe. You were and always will be a Truly inspiring human." Former US senator from Alabama Doug Jones said he was sad to hear of Buffet's death. "Following the election in 2017 he serenaded us in Key West with 'Stars Fell on Alabama,'" Jones posted on social media platform X, referring to Buffet's 1981 song. "He lived life to the fullest and the world will miss him." Buffett was preparing to release a new record this year, according to his website. sco/leg © Agence France-Presse The post ‘Margaritaville’ singer Jimmy Buffett dies at 76 appeared first on Daily Tribune......»»
This writers’ workshop loves Filipino literature
The Palihang Rogelio Sicat discussion on 21 June held in UP Diliman looked and sounded like an art class session. Manolo Sicat, the well-known artist and sculptor, was delivering a demo-lecture on printmaking. He said figures and words can go together in a work of art. [gallery columns="2" size="full" ids="175634,175632"] He had a PowerPoint presentation of print images. A pair of prints of a couple of dancers were passed around. One was in black and white, the other in color. Texture and motion were their immediate charm. “But what has printmaking to do with us?,” said Christian Balagoza, a boyish writer. “We’ll know when we get the printmaking session,” said sir Reuel Aguila, director PRS 16 (2023). Art collab This is the latest PRS innovation. When the session was held a few days later, Sicat conducted an honest-to-goodness printmaking workshop at the UP College of Fine Arts. A colleague, Prof. Ambie Abano, welcomed the group and opened her atelier to show mural-sized prints made from wooden originals. It is the artist’s impressive collection of prints featuring landscapes of lush trees in dark, brooding background. Fellows from the previous online batch joined the art activity. During the three-hour session, everyone polished her rubber board, chiseled images and texts, and finally print the works on paper. They were amazed to pick up the skill fast and admire the results in no time. Thumbs and nails got smudged with sticky ink yet everyone was smiling at the wet and black artworks clipped on wires that crossed the studio. 16 years of PRS This is one of the activities that make PRS unique. Thanks to its founders -- dramatist Reuel Aguila, retired professor now a lecturer at the UP, and fictionist Jimmuel Naval, dean of the UP College of Arts and Letters. The partner is always on the lookout for ingenious ways to improve the workshop, all for the good of young writers. PRS began as an informal workshop of a number of young writers held in the mansion of Ligaya Tiamson Rubin in Angono, Rizal, in 2008. Today, fellows accepted in the workshop are pegged at 15. Fellows like the idea that they are the main commentators of the manuscripts. During workshops, they get to be the lead discussant. “They learn to be critical and not rely too much on the opinion of the panelists,” said Aguila. The PRS is the only writers’ workshop that aspires to be mobile, going around the country to make its appellation ‘national’ true. It literally brings the creative writing life closer to practitioners. PRS collaborates with local governments, and with their support the workshop had been to Palayan City, Nueva Ecija (2009); Baler, Aurora (2010); Alfonso, Cavite (2011); Sta. Cruz, Marinduque (2012); Angeles City, Pampanga (2014); and Makati City (2015). It also cooperates with the academe as in UP Visayas-Tacloban (2017), UP Baguio (2018) and UP Los Baños (2019). There were times PRS stayed at its home base UP Diliman like during the 50th anniversary of the UP Department of Filipino and Philippine Literature (UP-DFPL) in 2017. It went online as Zoom conference twice during the pandemic. With the renowned writer Rogelio Sicat as PRS idol, the workshop chooses Filipino language as its medium of writing literature. It also accepts works from the region’s translated into Filipino. Institutional support PRS is the official outreach program of the UP-DFPL whose incumbent chair Schedar DT Jocson said that from the beginning, it has supported PRS and its objectives. Many of its panelists are from the department, including alumna Dr. Lulu Torres-Reyes, the PRS 16 guest of honor. Other PRS supporters include the UP Sentro ng Wikang Filipino (UP-SWF). “We are honored to be part of a movement that brings Philippine literature closer to the common people. PRS writers enrich the catalog of our website,” said director Jayson Petras. Friends and business people also support PRS, like Palawan Pawnshop / Palawan Express Padala company. Lively discussion about literature An hour of PRS discussion on a story or poem does not exhaust its reading or interpretation. To address the gap, sessions are set beyond the allotted time and well into almost midnight. Fellows do not seem to mind as they are very eager to huddle with seniors who are just as willing to forego of an early bedtime. PRS goes one more step. In 2022, it created post-workshop online sessions. Here, senior and beginning writers discuss new works. Everyone is excited to have these disquisitions that aim to improve writing skills. Dedication is demanded from both sides. The recent PRS workshop had the Sicat siblings Luna and Manolo beaming with pride. They were quite surprised to know that almost 300 young writers had already experienced the workshop. PRS is also proud that esteemed writers served as its panelists, including Bienvenido Lumbera, Edgardo Reyes, Ricardo Lee, Rogelio Ordoñez, Lualhati Bautista, Rosario Lucero, Elmer Ordoñez, Jose Dalisay, Marne Kilates, Jess Santiago, Fidel Rillo, Edgardo Maranan, Lilia Quindoza Santiago, Delfin Tolentino, Bonifacio Ilagan, Frank Cimatu, Joi Barrios-Le Blanc, Chris Millado, Jerry Gracio, Richard Gappi, Eros Atalia, Joselito delos Reyes, Choi Pangilinan and Junley Lorenzana Lazaga. PRS connects the lives of senior and beginning writers. Rogelio Sicat would be proud of this long -running project named after him. The post This writers’ workshop loves Filipino literature appeared first on Daily Tribune......»»
Lawyer places Marawi bet via Café Sindaw
As Marawi City rose from the Islamic State-led 2017 siege and the pandemic, lawyer Rohairah “Kookai” Lao saw the period as an opportunity to present fresh ideas that were missing in the capital of Lanao del Sur. With a successful career as Bangsamoro Autonomous Region in Muslim Mindanao ’s regional prosecutor, she wanted to help stimulate the local economy by putting up a business. “I am at a point where I want to give back to my community. To do this, I need something which promotes tourism and is likewise an inspiration,” Lao said. An inveterate traveler, Lao thought of bringing the café culture into the laidback city. She saw potential along the scenic strip that led to Mindanao State University and Lake Lanao, the province’s prime tourism destination. Named Heaven Road, it opens to views of the forest-covered countryside and is blessed with a temperate climate. Bucking the urban legend that the place was a dumping ground for bodies after a rido or a skirmish, the entrepreneur took the risk. She pioneered in building Heaven Road’s first commercial establishment. Lao recalls that her savings were insufficient to finance the construction of the café. Fortunately, she gained access to lending companies. Her brother-in-law, who owned a hardware and construction company, provided the materials at cost. Café hands-on Although she worked with an architect, Lao was hands-on in the design which comprises two levels and a viewing deck. “I made sure that when the café was completed, people who know me can see my personal touch,” she says. Named Café Sindaw (meaning “hope” in Maranaw), the restaurant-cafe aspires to lighten up the lives of the people of Lanao del Sur. “It aims to encourage them to stand up after the fall. There is always some prospect for people who have faith,” says Lao. She invested in an Italian-made coffee machine that is operated by baristas who were trained by experts from Mindanao’s major cities — Davao and Cagayan de Oro. The head barista worked extensively in Saudi Arabia. The menu is an eclectic mix of coffee beverages, pizzas, beef rendang, sasati (spicy balls of smoked fish) and ramen, among others. During Ramadan, one of the private rooms is converted into a prayer room. It accepts orders for iftar-sponsored meals for a minimum of 30. Market turns discriminating Lao observes that the local market is becoming more discriminating as diners appreciate cosmopolitan cuisine and special brewed blends. The resto-café is frequently booked for meetings and birthday parties. The customers gained during the early days of Heaven Road have remained loyal to Café Sindaw despite the mushrooming of similar restaurant cafes. When Café Sindaw opened in February 2022, there was hardly any competition. Following Lao’s example, entrepreneurs have since built their own cafes along Heaven Road. It is now a tourist destination because of the comfort food and beverages and panoramic vistas. Lao observes that people tend to go into business when the economy starts to thrive. As in most ventures, there are challenges, “Opening a restaurant or café is not easy. It involves compliance to national and local regulations. These can sometimes be a burden such as payments of several fees and taxes to the business sector,” Lao said. Then there’s learning to increase operational competence, create a top-performing menu, train and retain staffers. The post Lawyer places Marawi bet via Café Sindaw appeared first on Daily Tribune......»»
Tale of two cities
If Mayor Imelda “Emi” Calixto-Rubiano of Pasay City aspires to make her city the first “Eco-City” of the Philippines, Mayor Eric L. Olivarez of Parañaque City wants his city to be the first with the eGov Super App in the country. If Mayor Emi will have her iconic Manhattan in Pasay City, Mayor Eric has his equally iconic Fisherman’s Wharf in Parañaque City. Behind this backdrop of local initiatives, creative planning and responsible leadership are amazing changes in the economy and infrastructure of the two surging cities complementing wonderfully the overwhelming optimism of the national government to transform the Republic of the Philippines into the richest and most beautiful country in the world. Pasay aspires to be the very first eco-sustainable city or “eco-city” in the Philippines, as it continues to strive for excellence and growth while taking utmost consideration of its environment. “To serve its constituents and stakeholders with enthusiasm and efficiency, with a firm commitment to adhering to the principles of good governance, and providing services and infrastructure essential to making the city progressive, healthy and peaceful, worthy of respect and emulation” is the mission of Pasay City. The focus of its mission is ensuring that development ultimately benefits every individual in the City of Pasay, that the service is characterized by the willingness to serve, transparent and responsive to the needs of the constituents. The identified goals to be achieved included: 1) that Pasay City shall be recognized as the new international center for business, knowledge process outsourcing, meetings-incentives-conferences-exhibitions tourism and a model for governance; 2) a safe, secure, livable and inspiringly built environment; 3) efficient infrastructure; 4) carefully managed image of the city; 5) affordable housing to qualified beneficiaries. Why did Pasay City go into reclamation? Pasay City is one of the smallest cities in the National Capital Region. Much of its land is occupied and utilized by the national government. The rest is too limited for the population of the city. It has no choice but to expand its land area by reclamation. The City of Pasay was granted Environment Compliance Certificate, or ECC, No. ECC-CD-1601-003 dated 2017. The reclamation project covers 265 hectares involving two islands with areas of 210 hectares and 55 hectares, respectively. The important landmarks adjacent to the project site include the Cultural Center of the Philippines, the Coconut Palace, the Sofitel Philippine Plaza Hotel, the Philippine International Convention Center, the Government Service Insurance System, Mall of Asia, casinos Okada Manila and Solaire Resort, and Diosdado Macapagal Avenue. Reasons for the 265-hectare reclamation The increasing demand for readily developable land for urban expansion has pushed the real estate market in Metro Manila to its highest since the 1997 Asian financial crisis. Since the other urban centers of Mega Manila have no other way of expanding their existing inventory of land, the increasing requirements for areas to accommodate and satisfy the demand for rapid commercial and residential growth fall on the coastal LGUs. This, therefore, necessitates the creation of more land for economic activities through reclamation developments along the coastal areas of Manila Bay. The Pasay City reclamation project, near the SM Mall of Asia complex, can produce millions of square meters of additional buildable and developable space. This could translate to millions of square meters of building gross floor area, based on the existing buildable vis-a-vis to open space/public area ratio. The additional millions of open meters of building gross floor area can be allocated to tourism, office, residential, commercial and other non-industrial mixed uses. (To be continued) The post Tale of two cities appeared first on Daily Tribune......»»
Plus-size movement reshapes fashion in Brazil
Defying the fashion world's narrow stereotype of beauty, Brazilian plus-size designer Amanda Momente poses confidently for the camera, wearing the clothing label she founded after failing to find other options that fit. More than half of all adults in Brazil are overweight, but Momente is part of a growing movement of entrepreneurs, activists and models who are fed up with a fashion industry they say fails to fit their needs and shames them for their bodies. "Society judged me based on one thing, so I took that thing and used it... to launch my business," says Momente, 34, dressed in a sheer black bodysuit created by Wondersize, the company she founded in 2017. The former real-estate agent, who sports a pink mohawk and multiple tattoos, got the idea after feeling uncomfortable at the gym in clothes she says were too tight, turned transparent when stretched or bunched up around her thighs. She decided to find a seamstress to help her make her own workout outfit. It turned out so well she quit her day job and plunged headfirst into the fashion world, she says. The rise of colorful, stylish clothes for Brazilians with large bodies is part of a broader international trend rejecting unrealistic standards of beauty, especially for women. "The fashion industry needs to fit our bodies, not the other way around," says Momente. - 'Identity and dignity' - Major brands tend to dedicate at most a small portion of their lines to clothing in larger sizes, leaving "repressed" demand, says Marcela Liz, head of the Brazil Plus Size Association. The plus-size sector grew in Brazil more than 75 percent in the decade through 2021, reaching sales of 9.6 billion reais (about $1.9 billion) that year, according to the association. It projects sales will hit 15 billion reais by 2027 in Latin America's biggest economy. "Supply has improved, but we're still not meeting demand," says Liz. The nascent industry sashayed through Sao Paulo this month at the Pop Plus fair, where indie designers showed off sparkling skirts, racy tops, T-shirts stamped with bold statements and other clothes in sizes ranging up to 70. "The market saw fat people as people who didn't like fashion, who just wanted to hide their bodies," says Flavia Durante, the activist who founded the fair in 2012. "We had clothes, not fashion," she told AFP. "Fashion isn't just about consumption. It's about identity and dignity." - More work to do - TV presenter and plus-size model Letticia Munniz has strutted the runway at glitzy Sao Paulo fashion week, made the cover of glossy magazines and been the face of numerous ad campaigns. But she says real inclusion remains a long way off for the overweight and obese in Brazil -- 57 percent and 23 percent of the adult population, respectively, in the country of 203 million people. "Things have improved, but our work is still seen as just checking a quota box. We're not seen as real equals," she says. The activist and influencer, who usually wears custom-made clothes, says she is glad to see more plus sizes on runways -- but adds that doesn't necessarily mean they are actually available in stores. She encourages her more than one million followers on social media to love themselves as they are. "When you find something made to exalt your body instead of hide it, it changes everything," she says in one post. mls/jhb/md/dw © Agence France-Presse The post Plus-size movement reshapes fashion in Brazil appeared first on Daily Tribune......»»
Meralco e-vehicle unit sold for P87M
The Manila Electric Co. or Meralco has sold its wholly-owned subsidiary, ESakay Inc., to an affiliate under the Pangilinan Group for P87.4 million. Meralco informed the stock exchange on Tuesday that ESakay was sold to On-Us Solutions Inc. through a share purchase agreement on Tuesday, 15 August. However, the power distributor did not provide additional details on the transaction. E-bikes operator ESakay was formed in 2017 to engage in the business of owning, maintaining, and operating transport service networks of charging stations, batteries, and vehicles utilizing electric energy and other alternative energy sources. On-Us Solutions operates Byahe, a privately owned company operating modernized jeepneys that are 30 Euro-4 compliant across seven routes within Metro Manila, Pampanga, and Nueva Ecija. Metro Pacific Tollways Corp., an affiliate of Meralco, has a minority stake in the company. The post Meralco e-vehicle unit sold for P87M appeared first on Daily Tribune......»»
US Justice Dept names special counsel to probe Biden’s son
The US Justice Department on Friday escalated its investigation into President Joe Biden's son Hunter, naming a special counsel amid allegations he engaged in illicit business deals overseas. Attorney General Merrick Garland appointed Delaware federal prosecutor David Weiss, who recently investigated Hunter Biden on tax and gun charges in a case that remains open. Weiss, who opened his probe in 2019, recently revealed that he was investigating Biden along other lines, and Garland said Weiss had requested special counsel status to be able to pursue his probe more widely. "Upon considering his request, as well as the extraordinary circumstances relating to this matter, I have concluded that it is in the public interest to appoint him as special counsel," Garland said. Deals in China, Ukraine Hunter Biden has come under investigation in Congress over business deals he did in China, Ukraine, and elsewhere during and after his father's 2009-2017 term as vice president. A former business associate told Congress recently that Hunter had gotten his father involved in telephone calls with his foreign partners several times. Republicans allege Joe Biden used his political position to help his son -- a claim the president denies. The move comes as Joe Biden is running for reelection, possibly in a rematch with former president Donald Trump, himself accused of felony crimes in the investigation by another Justice Department special counsel, Jack Smith. Garland gave no hint on the subject matter of Weiss' expanded probe, saying his elevation to the special counsel "reaffirms" the independence and authority of his investigation. Last month, the 53-year-old Hunter aborted a plea deal with Weiss over gun and tax charges after a judge pointed out inconsistencies in the agreement. The deal would have seen Biden avoid prison: he would have been sentenced to probation on two tax avoidance counts, and be forced into a counseling and rehabilitation program for the firearms charge. But the deal fell apart after Judge Maryellen Noreika queried why the gun charge was included in a tax case, and whether the agreement protected Biden from charges that might arise from a wider investigation of his business dealings. Biden then entered a not-guilty plea, and the two sides were expected to work out a new agreement. But in a filing in Delaware court on Friday, Weiss said those talks had reached an impasse and withdrew the offer of a plea deal. Instead, he indicated that the tax charges could be expanded to other venues. Republicans say DOJ protecting Biden There was no comment from the White House on Weiss's elevation to special counsel. In a social media post, a Trump spokesperson alleged that the Biden family had been "protected by the Justice Department for decades." "There is overwhelming evidence and credible testimony detailing their wrongdoing of lying to the American people and selling out the country to foreign enemies for the Biden Cartel's own financial gain," the spokesperson said, without offering evidence. Republican House Speaker Kevin McCarthy indicated that the Congressional probe of Hunter Biden will continue. "This action by Biden's DOJ cannot be used to obstruct congressional investigations or whitewash the Biden family corruption," he said on social media. The post US Justice Dept names special counsel to probe Biden’s son appeared first on Daily Tribune......»»